Dow hits session low, falls more than 250 points ahead of Trump news conference on China
Friday, 29 May 2020 23:53 WIB |
MARKET UPDATE |Saham AS
Stocks were lower on Friday as traders braced for an upcoming news conference on U.S.-China relations from President Donald Trump.
The Dow Jones Industrial Average fell 255 points, or 1%. The S&P 500 slid 0.7% while the Nasdaq Composite was down by 0.1%.
Trump said Thursday afternoon he would hold the news conference, knocking stocks down from solid gains. That announcement came after China approved a national security bill for Hong Kong that experts warn could endanger the city™s œone party, two systems principle. That principle allows for additional freedoms that mainland China residents don™t have. The news conference is scheduled for 2 p.m. ET on Friday.
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